Asking Billionaire Investor - Andrew Wilkinson - How To Prepare For The Economic Collapse

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 6 October 2022

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 371: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to billionaire investor, Andrew Wilkinson (@awilkinson), about winterizing your business and finances, taking random lunches, and why renting is better than buying. ----- Links: * Tiny * Bridgebase * DealMaker * Options Profit Calculator * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (09:30) - Stress testing your business for the recession (15:40) - Andrew's Portfolio (30:25) - Meeting someone belly to belly and Shaan's folder of sayings (33:30) - Why to write a book (39:10) - The value (or lack thereof) of taking random lunches (54:05) - DealMaker (01:00:00) - How to get the maximum salary (01:05:40) - How to lock down for economic winter ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0	But I guess the question is, are you playing roulette or are you playing poker?
0:04.2	I play poker, right?
0:05.7	I want to play with very good odds in my favor and I want to know the odds.
0:09.5	I don't want to play roulette where it's almost totally random.
0:12.3	And I still think ventures totally random.
0:25.0	All right.
0:25.3	On today's episode, we got Andrew Wilkinson joining.
0:27.9	If you don't know, he got to know Andrew is the creator of tiny, tiny,
0:33.4	owns like, I don't know, 20, 30 businesses at this point.
0:36.0	They own dribble, they own arrow press.
0:38.1	Basically, he buys and sells businesses of total value, maybe over a billion
0:42.3	dollars at this point, definitely over a hundred million in revenue.
0:45.2	And he's sort of known as the Warren Buffett of the internet.
0:47.9	Or that's the model that he chose to create.
0:50.1	So he didn't do the startup path.
0:51.7	He creates one genius idea.
0:53.5	He didn't do the investor path where he's just putting small checks into these
0:56.9	companies. Instead, he was finding these little gems of businesses buying them.
1:00.8	And he's been doing this for like, you know, I don't know, 10, 15 years now.
1:03.8	And Andrew's become a good friend.
1:05.4	He's a friend of the pot.
1:06.3	He listens to the pods.
	...

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